Which of the Following Aspects of the President's Role as Chief

question 29

Multiple Choice

Which of the following aspects of the President's role as chief executive is false?

• A) The president fills cabinet and subcabinet positions.
• B) The president may, to a limited extent, fire certain government employees.
• C) The president is owed political allegiance by all 2.7 million federal employees.
• D) The president must "take care that the laws be faithfully executed."
• E) The federal bureaucracy assists the President in carrying out various tasks.

---

Definitions:

Form 8949

A tax form used by the IRS to report sales and other dispositions of capital assets.

Outstanding Receivables

are amounts owed to a business by its customers for goods or services delivered but not yet paid for.

FMV

Fair Market Value; the price that property would sell for on the open market between a willing buyer and a willing seller.

Basis

In tax terms, it refers to the amount of a taxpayer's investment in property for tax purposes, used to calculate gain or loss on the sale or disposition of the property.